The Contributive Standard (Merit Standard) for Distributing Income Implies That

question 7

Multiple Choice

The contributive standard (merit standard) for distributing income implies that

• A) income should be distributed equally.
• B) income should be distributed according to need.
• C) income should be distributed according to the marginal productivity of workers.
• D) a transfer should be contributed to an individual above his or her contribution to net output.

---

Definitions:

Conglomerate Mergers

The combination of two or more corporations engaging in entirely different businesses into a single corporate structure, typically to diversify business interests and investments.

Rapidly Changing Technology

Refers to the swift evolution and innovation in technology that impacts industries, markets, and society at large.

Natural Monopoly

A market in which a single firm can provide a good or service at a lower cost than any potential competitor, due to economies of scale.

Lower Cost

A situation where the expenses involved in producing a good or service are reduced, leading to potential savings.